Coinbase: Paris on the shortlist for European headquarters

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Thursday, March 2, 2023

The French capital, already home to Binance and Cryptocom, could soon welcome another foreign giant.

Brian Armstrong's group has begun working with communications firms to see how it can establish itself in Paris and deploy its marketing strategy. Officials from the company, which has filed its application to become a digital asset provider with the Autorité des marchés financiers (AMF), have also met with the Ministry of Finance in recent months.

When questioned, the company, which was founded in 2012 explained that it had no immediate plans to open an office in Paris. However, according to our information, the project is moving forward. "

Coinbase looks favourably on Paris for several reasons: the French ecosystem and its dynamism, the pro-Web3 stance of the authorities , and above all the presence of its main competitors. "They figure that the other giants in the sector aren't in Paris for nothing", confirms a lawyer.

Binance and Cryptocom last year announced their intention to make Paris their European headquarters. The Chinese-born giant already has offices with more than 100 staff. For its part, Singaporean giant Cryptocom announced at the end of 2022 its intention to invest 150 million euros in the French capital.

Europe has gradually become a terrain of conquest for foreign giants with the Chinese political back-and-forth on cryptos and the lack of visibility of US regulation.

This analysis is not investment advice. It has been prepared without taking into account your personal situation, particularly your financial situation, risk profile, and investment objectives.

Before investing in any product, investors should fully understand the risks involved and consult their own legal, tax, financial, and accounting advisors.

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